North Sea Oil Floods to Asia Like Never Before on OPEC Cuts

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Feb 1, 2017Oil prices stabilise as Russia joins OPEC in production cut - Offshore Energy-1.9%
• Nov 30, 2020OPEC Meets To Decide Whether Cuts In Oil Production Are Still Needed : NPR+3.5%
• Feb 11, 2019Sanctions, OPEC cuts push Asia's sour crude oil prices above Brent - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com+6.8%
• Nov 29, 2020OPEC+ Heads to Crucial Talks Seeking Compromise on Oil Cuts - Bloomberg+3.5%
• Jun 8, 2020Oil prices top $40 as OPEC+ extends production cuts | Fox Business-7.2%

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Feb 1, 2017Oil prices stabilise as Russia joins OPEC in production cut - Offshore Energy-1.1%
• Nov 30, 2020OPEC Meets To Decide Whether Cuts In Oil Production Are Still Needed : NPR+1.5%
• Nov 29, 2020OPEC+ Heads to Crucial Talks Seeking Compromise on Oil Cuts - Bloomberg+1.5%
• Jun 8, 2020Oil prices top $40 as OPEC+ extends production cuts | Fox Business-8.3%
• Dec 3, 2024Oil rises on fears about Lebanon, further OPEC+ supply cuts | Reuters+0.4%